tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Bloks Group Limited Announces Share Repurchase Plan

Story Highlights
Bloks Group Limited Announces Share Repurchase Plan

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Bloks Group Limited ( (HK:0325) ) has shared an update.

Bloks Group Limited, a company incorporated in the Cayman Islands, has announced a voluntary share repurchase plan. The plan will run until December 31, 2025, and will be funded by the company’s existing cash reserves and free cash flow. The repurchased shares will be used for employee equity incentive schemes. This move reflects the board’s confidence in the company’s long-term prospects and is considered to be in the best interests of the company and its shareholders. However, the execution of the plan will depend on market conditions and the board’s discretion.

The most recent analyst rating on (HK:0325) stock is a Hold with a HK$97.00 price target. To see the full list of analyst forecasts on Bloks Group Limited stock, see the HK:0325 Stock Forecast page.

More about Bloks Group Limited

Average Trading Volume: 1,882,061

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$25.32B

For an in-depth examination of 0325 stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1